Ictorderblock
XAUUSD | Market outlook
US Fed matched wide market forecasts of keeping the monetary policy intact but the quarterly economic projections were the key. The policymakers not only revised up the near-term GDP and inflation forecasts but also pumped the rate-hike expectations, mostly known as dot-plot. As per the latest update, US GDP may grow 7.0% in 2021 versus 6.5% previous whereas the PCE figure, the Fed’s preferred inflation gauge, is now seen at 3.4% for 2021 and 2.1% for the next year.
US dollar index (DXY) jumped the most in over a year.
US 10-year Treasury yields rallied the most since early March to 1.58%
Best to sell on rallies around 1846-56
XAUUSD | Market outlook
Possible corrective move before Bearish trend continuation.
DXY is not much stronger. Despite a significant increase in inflation, which exceeded 5%, at yesterday's meeting, the US Federal Reserve decided to leave the parameters of monetary policy unchanged, and, according to the comments, a revision of the volume of bond buybacks will become possible only next year, when the current parameters of inflation and employment are adjusted.
Main trend is bearish as incomplete bearish pattern. Best to sell on rallies around 1842-1858
Note: Market can continue Bearish move without an upside correction.
EURUSD RECOVERY RETRACEMENT?after the fundamentals of yesterday pushing the EURUSD lower to
1.19905 which is the HTF Demand zone. over all bias is still bearish we should ride the temporary retracement to make a LL at 1.21000 supply zone before further drop or a change in trend.
trade carefully
GOODLUCK
EURUSD LONGOur hourly timeframe is relatively bearish but it could be a complex pull back to form a higher low in the daily timeframe or it could also lead to a daily break of structure. In anticipation for the price to get to our hourly orderblock that could likely take price lower or even get broken we could take a short term buy into it on the lower time frames or we could simply use it as our first take profit for a larger bullish move, we could also use the orderblock as a point to take price lower.
AUD USD Sell IdeaIf we are to break sub structure lows, then I will be looking for a retracement up to those two red blocks and look for confirmed signs of structure shift from bullish to bearish. If I were to see that happen, I can look to take sells towards the green blocks down below as alligning with ict's ote.
IG: fx_syndicate_
S&D Bullish Entry on EURUSDI just entered this long trade on EURUSD. Here are my thoughts on this trade entry:
Price has been in a very strong bullish trend, making new HHs and HLs.
A few days ago, a bullish market manipulation took place, creating a demand zone that price may possibly retrace to.
In the past 24 hours, a (smaller) bearish market manipulation took place and created a small supply zone.
| About the manipulations |
The bearish manipulation, to me, seems like a retracement in our bullish trend, because...
1.) ...the bearish impulse move is smaller than the most recent bullish impulse move
2.) ...the bearish impulse move showed signs of weakness due to a BOS near the previously established demand zone
3.) ...a stop hunt below the demand zone seems to have taken place before the BOS occurred
Let me know if you have anything to add to this analysis. I'm always open to new ideas.
EURUSD Trade IdeaEURUSD has been bullish for some time. Expecting that bullishness to continue till it hits the 1.2000 level. A clear order block can be seen at the 1.19200 level. I'll be expecting price to fall to the 1.19200 level before expecting further signs of bullishness to the 1.2000 level. A possible 80 pips move. If price does not pullback to the 1.19200 level before hitting 1.2000, keep away from the trade. Stop loss will be at the 1.188766 level.